Jalisco’s Economy Shows Mixed Signals in Actinver Report
A recent report by Grupo Financiero Actinver paints a mixed picture of Jalisco’s economic performance. While several positive indicators suggest growth, inflation remains a concern.
As of June 2024, Jalisco’s annual inflation rate sits at 5.1%. However, the job market seems promising, with the state generating an impressive 4,024 new jobs in the first quarter of 2024. This positive trend is further bolstered by a strong flow of foreign investment, reaching $1.49 billion in the same period.
Jalisco’s export sector is also thriving, with exports reaching $27.57 billion by the first quarter of 2024. This robust performance aligns with the state’s GDP growth of 1.4% reported in the fourth quarter of 2023.
Looking at specific sectors, the manufacturing industry stands out with a healthy annual growth rate of 3.4% as of March 2024. Retail sales, however, show a more modest annual increase of 1.5% as of April 2024.
Overall, Grupo Financiero Actinver’s report highlights Jalisco’s economic resilience with job creation, foreign investment, and exports all trending upwards. However, inflationary pressures remain a hurdle that needs to be addressed for sustained economic growth. https://banderasnews.com/
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